Watch Out for These Risks Before Investing in Bitcoin or Ether

Watch Out for These Risks Before Investing in Bitcoin or Ether

Twelve years after its creation, regulating bitcoin is still complicated in most countries. That’s just one of the investment risks. There are a number of risks associated with holding and investing in cryptocurrencies. In the latest CoinDesk Research report, we look at seven different risks, from the regulatory to the technological, that affect bitcoin (BTC, +0.59%) and ether (ETH, -1.43%), and […]

Goldman Crypto Chief Flags Institutional Demand Driving Boom

Goldman Crypto Chief Flags Institutional Demand Driving Boom

Goldman Sachs Group Inc. is seeing substantial demand for digital assets from institutions as it works to restart its cryptocurrency trading desk. In a survey of nearly 300 clients by the firm, 40% currently have exposure to crypto, according to Matt McDermott, global head of digital assets for Goldman Sachs Global Markets Division, speaking on […]

JPMorgan tells private wealth clients that bitcoin can be a portfolio diversifier ‘if sized correctly’

JPMorgan tells private wealth clients that bitcoin can be a portfolio diversifier ‘if sized correctly’

Quick Take “If sized correctly,” bitcoin can be a portfolio diversifier, the bank told its private wealth clients in a new educational deck While the deck is for informational purpose only, it nonetheless reveals the growing interest from JPMorgan’s private clients in the asset class JPMorgan Private Bank has distributed an educational deck to clients […]

JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios

JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios

JPMorgan Chase & Co. is the latest Wall Street firm floating the idea of investors using Bitcoin as a way to diversify their portfolios. Strategists have recently touted cryptocurrency as a way to hedge against significant fluctuations in traditional asset classes such as stocks, bonds and commodities. Rather than making any big bets on Bitcoin, they’ve […]

Tether Deal With New York State Brings Quick Reversal of Crypto-Market Sell-Off

Tether Deal With New York State Brings Quick Reversal of Crypto-Market Sell-Off

The settlement over tether with the New York attorney general’s office appears to remove what might have been a systemic threat to cryptocurrency markets. Bitcoin and other cryptocurrencies recovered partially from their biggest sell-off in a month after the New York state attorney general’s office announced a settlement of a dispute involving the stablecoin tether (USDT) that […]

Bitcoin Briefly Drops Below $48K as Analysts Say Rally Overdone, Yellen Comments

Bitcoin Briefly Drops Below $48K as Analysts Say Rally Overdone, Yellen Comments

Analysts are mixed on how low bitcoin might go if a bigger pullback is seen. Bitcoin swiftly lost altitude early on Monday, dropping over 15% to below $50,000 before rebounding somewhat. The downward price movement came after bitcoin reached new record highs above $58,300 over the weekend. The drop seemed to accelerate as U.S. Treasury […]

Bitcoin Poised for Short-Term Gains Past $51K as MicroStrategy Upsizes Debt Deal

Bitcoin Poised for Short-Term Gains Past $51K as MicroStrategy Upsizes Debt Deal

Bitcoin’s rally could continue in the short term, analysts and traders said, after the largest cryptocurrency by market cap surged on Wednesday to a new all-time-high price above $51,000. The latest leg up came after CoinDesk reported that business intelligence firm MicroStrategy upsized a convertible-note offering to $900 million from an originally announced $600 million, with plans to […]

First Mover: It’s ‘Dorsey’s Node’ as Bitcoin Marches Higher, DOGE Chokes

First Mover: It’s ‘Dorsey’s Node’ as Bitcoin Marches Higher, DOGE Chokes

Bitcoin breaks out, Twitter CEO Jack Dorsey sets up a bitcoin node and Bank of England warns on negative rates. Meanwhile, it’s DeFi that’s mooning. Bitcoin (BTC) was higher early Friday, pushing toward $38,000, around the highest levels in about three weeks. The news overnight was mixed, with an Australian central bank official telling lawmakers in […]